Coordinate to support small and medium enterprises to access capital and develop production and business

(CT) - The Credit Guarantee Fund for Small and Medium Enterprises of Can Tho City and Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) - Can Tho Branch have just signed a cooperation agreement to provide financial support for small and medium enterprises in the city.

Leaders of Vietbank Can Tho Branch and Can Tho City Small and Medium Enterprise Guarantee Fund performed the cooperation signing ceremony between the two parties.

According to the signed agreement, the two sides will coordinate to implement 4 key contents to support small and medium enterprises in the city to access capital and develop production and business. Firstly, the two sides will jointly receive and appraise loan applications and enterprises only need to submit 1 unified set of documents, ensuring objectivity and speed. Secondly, regarding loans and guarantees, the Small and Medium Enterprise Guarantee Fund will provide guarantee certificates to eligible customers and Vietbank will use this certificate as collateral for loans, especially customers will be considered for a reduction in loan interest rates, helping to reduce financial costs and invest in business development. Thirdly, regarding disbursement and supervision, the two sides will coordinate to monitor the disbursement, capital use and business situation of customers, ensuring that capital is used for the right purpose and effectively. Fourthly, risk handling in case customers encounter difficulties, the two parties will coordinate to implement debt collection measures, use collateral, to ensure the interests of customers as well as the Small and Medium Enterprise Guarantee Fund and Vietbank.

News and photos: MY HOA

Source: https://baocantho.com.vn/phoi-hop-ho-tro-doanh-nghiep-nho-va-vua-tiep-can-nguon-von-phat-trien-san-xuat-kinh-doanh-a190272.html